WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security Interest We will have a security interest in the Vehicle (described on page 1). If you do not meet your commitments under this agreement, we may be entitled to retake repossess and sell the Vehicle and if there is a shortfall after the sale to cover what you owe us under this agreement as set out in clause 23, you will still owe us the shortfall. Also if you give someone else a security interest over the Vehicle you will be in breach under this agreement and we may retake repossess and sell the Vehicle and/or we may do anything else as set out in paragraph 28 of the General Terms.
Appears in 4 contracts
Samples: Consumer Lease Agreement, Consumer Lease Agreement, Lease Agreement
WHAT COULD HAPPEN IF YOU FAIL TO MEET YOUR COMMITMENTS. Security Interest We will have a security interest in the Vehicle (described on page 1). If you do not meet your commitments under this agreement, we may be entitled to retake repossess and sell the Vehicle and if there is a shortfall if, after the sale there is not enough money to cover what you owe us under this agreement as set out in clause 23, you will still owe us the shortfalldifference (see below under the heading “What Happens When This Agreement Ends”). Also if you give someone else a security interest over the Vehicle you will be in breach under this agreement and we may retake repossess and sell the Vehicle and/or we may do anything else as set out in paragraph 28 27 of the General Terms.
Appears in 3 contracts
Samples: Business Lease Agreement, Business Lease Agreement, Business Lease Agreement
